The correct answer is: 10 lakhs.
The GST threshold limit is the annual turnover below which a business is not required to register under GST. The GST threshold limit for North Eastern States is 10 lakhs. This means that a business with an annual turnover of up to 10 lakhs is not required to register under GST.
The GST threshold limit was introduced to simplify the GST compliance process for small businesses. By exempting businesses with a turnover of up to 10 lakhs from registration, the government has made it easier for these businesses to comply with GST.
The GST threshold limit is different for different states. The GST threshold limit for North Eastern States is 10 lakhs, while the GST threshold limit for other states is 20 lakhs. This is because the government has recognized that the cost of doing business in North Eastern States is higher than in other states.
The GST threshold limit is a significant relief for small businesses in North Eastern States. It will help these businesses to save on compliance costs and focus on their core business activities.